Technical Analysis for IBN - ICICI Bank Limited

Grade

Last Price

% Change

Price Change

9.01

-2.70%

-0.25

IBN closed down 2.7 percent on Thursday, August 17, 2017, on 1.16 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services to corporate and retail customers in 19 countries, including India. It primarily offers commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking, and treasury products and services. The company provides current and savings accounts, term deposits, fixed and recurring deposits, outward remittances, and salary accounts; credit, debit, prepaid, and corporate cards; and home, commercial vehicle, personal, and car loans, as well as loans against securities. It also offers life, travel, health, car, two wheeler, home, and student medical insurance products; demat accounts; and investment products, such as mutual funds, gold, bonds, foreign exchange, and initial public offerings, as well as senior citizens savings schemes. In addition, the company provides wealth management products and services, including funds and investments, such as mutual funds, portfolio management services, and alternative investments; lockers; and risk protection, investment advisory and management, and shipment tracking services. Further, it offers real estate services related to residential and commercial real estate, joint venture structuring, and funding; direct equity; real estate funds; cash management and trade services; mergers and acquisitions advisory and loan syndication services; financial institutions, capital market, and custodial services; and project and technology finance. Additionally, the company provides business loans and vendor/dealer finance; transaction banking, trade, and private equity placement services; and NRI, rural and agricultural, Internet, mobile, and phone banking services. As of August 13, 2013, it had a network of 3,377 branches and approximately 11,000 ATMs in India. ICICI Bank Limited was founded in 1955 and is based in Mumbai, India.

Is IBN a Buy, Sell or Hold?

Indicator

Bull Case

Neutral / Hold

Bear Case

50 DMA

200 DMA

ADX Trend

Oversold / Overbought

Relative Strength

Summary:

Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.